Take a look at the Alexa graphs for youtube and MySpace:
6 Month Graph:
3 Month Graph:
What this shows is startling:
YouTube has been growing at an almost parallel trend to that of MySpace's, ever since it's conception late last year. If the current growth trend continues, YouTube will have the same amounts of reach as MySpace in the months to come.
YouTube was able to achieve this in about half the time MySpace did, although it can be argued that YouTube piggybacked MySpace's success to get where it is.
So the question remains, who will buy out YouTube ?
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